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Opportunity Zone

2200 Biscayne Blvd

For Sale: High Density Development Site in Edgewater

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Asking Price:Unpriced

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Address 

2200 Biscayne Blvd, Miami, FL 33137

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Date Added
Jan 30, 2025
Days on Market
46 days
Time Since Last Update
33 days

Details

Property TypeLand, Mixed Use, Office, Retail
SubtypeCommercial, Traditional Office
TenancyMulti
Net Rentable (sq ft)57,025
Year Built2001
Buildings2
Stories7
ZoningT6-36A-O-Urban Core
Lot Size (acres)2.04
APN01-3230-062-0010

Marketing Description

Colliers is pleased to present 2200 Biscayne—a one-of-a-kind 2.04-acre income-producing redevelopment opportunity in the epicenter of Edgewater, Miami, boasting exceptional zoning flexibility for high-density development.​ This centrally located site features 269 feet of retail frontage on bustling Biscayne Boulevard, drawing exposure from over 48,000 vehicles daily.​ The property is comprised of a two-story office building on the southeast side, a seven-story office building on the northeast side, and a two-story parking garage in the rear.​ Together, these structures include approximately 45,770 square feet of office space spanning floors 2-7, complemented by 1 1,255 square feet of ground-floor retail.​ The prospective purchaser has the option to pursue a unified single-phase project post-lease expirations or opt for phased development while maintaining income streams.​ This strategy ensures immediate and advantageous use of the land, providing a clear path to successful redevelopment.​

Strategically positioned on Biscayne Boulevard in the heart of Edgewater, 2200 Biscayne boasts exceptional connectivity and accessibility, situated at the epicenter of one of Miami's most vibrant and rapidly transforming neighborhoods.​ With its breathtaking backdrop of Biscayne Bay and close proximity to Downtown Miami and the Design District, Edgewater seamlessly blends historic charm with modern sophistication.​ This site offers unobstructed views and significant potential for high-density development, making it an ideal foundation for a landmark residential mixed-use project.​ Its appeal is further enhanced by convenient access to major employment centers, cultural hotspots, and top-tier amenities, meeting the increasing demand for luxury living.​ Located just minutes from Midtown, Wynwood, and South Beach, and a short 15-minute drive from Miami International Airport, and with immediate proximity to the future Wynwood/Edgewater Train Station, it ensures world-class connectivity.​

Located within an Opportunity Zone and qualifying for Live Local incentives, 2200 Biscayne offers substantial tax benefits that enhance the feasibility and profitability of future projects.​ The site boasts exceptional zoning flexibility for high-density development, supported by Live Local incentives and density transfer options.​ Anticipated planned transit hubs and the FEC Railway further enhance its potential for benefiting from Rapid Transit Zoning (RTZ) and Transit-Oriented Development (TOD).​ This site presents an ideal opportunity for a dynamic, high-density, mixed-use residential project.​ The existing leases and building configurations enable phased development while maintaining income throughout the process.​ Under Live Local guidelines, the site can accommodate over 2,000 units and more than 3 million buildable square feet, with the option to include condos instead of the 60% market-rate units.​ This allows developers to design a denser mixed-use project and maximize the site's potential in various ways.​

Benefits Under Live Local:

FAR: 36

Buildable Area: 3.23 million SF

Buildable Units: 2,040

Height: 649’ (FAA) Limit

Investment Highlights

Prime Edgewater Location: Situated in one of Miami's most dynamic and sought-after neighborhoods, blending urban appeal with high market demand.

Superior Connectivity: Proximate to the future Wynwood/Edgewater MDC transit station and other transit hubs, ensuring top-notch connectivity.

Premium Visibility: Features 312 linear feet of frontage on Biscayne Blvd, enhancing both visibility and accessibility.

Covered Land Opportunity: Income-producing asset with a secure revenue stream, facilitating strategic phased development.

Breathtaking Views: Positioned to offer picturesque views of Biscayne Bay in a premier residential setting.

Extensive Tax Benefits: Located in an Opportunity Zone and eligible for additional tax benefits under the Live Local program.

Zoning Flexibility: Ideal for a high-density, residential, or mixed-use development.

Location: Located in a TOD zone allowing parking requirements to be lowered or eliminated completely

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Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

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Listing Contacts

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